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Investment Property Springvale, VIC, 3171

Suburb Snapshot

Springvale is a suburb in the Greater Dandenong Region of Victoria. Springvale has a population of 21,713 people and 34.30% of its occupants live in rental accommodation. The median listing price for houses is $815,000 and this has changed -0.61% over the past year and changed -4.12% over 2 years.

The median rent in Springvale for houses is $510 per week and the median rental yield is 3.25%. Stock on the market for houses/townhouses has changed -10.00% compared to last year and the average time to sell a house/townhouse is 171 days.The median listing price for units is $464,500 and this has changed -3.23% over the past year. The average unit takes 150 days to sell and the median rent for a unit in Springvale is $430 per week, producing a rental yield of 4.81%.

Supply & Demand in Springvale, Greater Dandenong

0.69%

Current vacancy rate


59

Rental stock available


21,713

Population


34.30%

Rental population


0.81%

Current vacancy rate


525

Rental stock available


152,051

Population


31.54%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Springvale, Greater Dandenong

  House Townhouses Units
Median listing price $815,000 $680,000 $464,500
Median price change - last quarter -1.83% -1.45% 0.00%
Median price change - 1 year -0.61% -1.45% -3.23%
Median price change - 2 years -4.12% 0.00% 3.22%
  House Townhouses Units
Median weekly rent $510 $645 $430
Median yield % 3.25% 4.93% 4.81%
Median rent change - 1 year 6.25% 10.25% 13.15%
  House Units
Previous month sales 10 2
Stock on market previous month 99 36
Stock variance vs. last year -10.00% -20.00%
Average days on market 171 150

Springvale investment property listings

Showing 1 of 1 investment properties found in Springvale on realestateinvestar.com.au

211/31B Buckingham Ave, Springvale

$390,000

property pic

CONVENIENCE AT YOUR DOORSTEP, LIFESTYLE AT ITS BEST

Set within a vibrant, fast-paced pocket of Springvale Central, this apartment places you at the centre of it all. Surrounded by an eclectic mix of shops, fresh food markets, cafes and eateries, and with trains and buses just moments away, it delivers an effortless lifestyle of everyday ...

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VIC 3171


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